What Mortgage rates are you seeing?
Our mortgage broker quoted us 6-3/8 yesterday. I walked by a Countrywide office today. There was a sign on every associate’s desk, “Today’s Rate 3.9%.” Can it really be? Perhaps its not for mortgages but a different kind of loan? I guess I could go back and ask about the details …
Our mortgage broker quoted us 6-3/8 yesterday.
I walked by a Countrywide office today. There was a sign on every associate’s desk, “Today’s Rate 3.9%.”
Can it really be?
Perhaps its not for mortgages but a different kind of loan? I guess I could go back and ask about the details …
What-Just because you a mortgage broker and you have no products since brokers are getting pushed out of the business doesn’t mean you can get nasty with me. I don’t hide behind anything and have done loans for a few brownstoners already. I have testimonials online that you can look up to prove.
I didn’t say anything about FHA loans. You did loser.
I don’t bait and switch anyone. If I did I’m sure that someone from the brownstoner community would step up and call me on it as I clearly don’t hide behind pseudonyms such as “the what.” If I were to bait someone I wouldn’t be able to post on this site as my reputation would be worthless. I have met many of the brownstoners in person. I think that lends to my credibility but what would you know about credibility since you are obliviously someone that sold subprime loans and spends their day spewing hate and garbage.
We don’t make rate sheets since we don’t deal with loser brokers like yourself. Everything is built into our operating system. I will be happy to send you a GFE what.
This is a standard Fannie Mae guideline product. And I already said that I was quoting off a 720+ fico and 80% LTV under 417k.
LIKE I SAID MY NUMBER IS ONLINE, CALL ME. I’m not the one that is hiding.
I would have to say that the rates adam is posting look like rates I could get at some banks. They look legit to me.
The what — look at my post above with Astoria’s rates. Those are the rates you can get today with them (a major bank).
Right.. steepening. Too deep in futures land right now I guess (no pun intended) …
Point is that rate cuts to the discount are usually backwards from mortgage rates.
Justin is it me but doesn’t backwardation mean a inverted yield curve. Right now we have a steep yield curve.And the fed is aiming for more of a steep yield curve to encourage lending. The rate cut today really has no effect on the long term 30 yr fixed because it is meant more for credit cards and the like. The 30 yr fixed is based on mortgage backed securities and what companies like pimco are willing to pay for those bonds.
Hey Adam if you got such good rates! Why not post your Matrix and rates sheet on the forum and let everyone see it! And you know why you wont Adam? Because you are a lying Motherfucker!! Thats why! You got OWNED!!!!!!
The What
Someday this war is gonna end…
720+ fico 20% down loan amount under 417k.
Vanilla 30 yr Conforming Fannie fixed rates.
How in the fuck FHA mortgage are going to help people in NEW FUCKING YORK?????!!
“6.125% 1pt
6.375% no points.”
RRRIIIGGGHHTTTTTT!!!!!!!!!!!
Hey Adam show me a Good Faith Estimate on some one mortgage you did with their name and info crossed out!
Yeah fucking right!!! You are trying to “bait and switch’ the Asshats Adam. I’m a Broker and a loan processor! Most of the Mutant mortgage companies are out of business. GMAC, Chevy chase, Wachovia, WAMU and so fucking on!
“What- My number is online give me a call a let’s talk man to man. ”
I wouldn’t be talking to a man…
Stop fucking lying Adam and stop acting like a pussy because I called you out on you’re bullshit!!!
The What
Someday this war is gonna end…
Exactly justinm, rates are up because of the Fed decision.
It’s very difficult to explain to Joe the Homeowner why rates are higher when all he sees online and the news is that rates are lower.
Rates POP and trickle, POP and trickle. The name of the game is volatility.
Generally Fed rate cuts have the opposite effect to mortgage rates because of backwardization of the yield curve (less flight to treasuries) driving the ten year yield up a bit. Thus, best time to lock short term was yesterday or two days ago…
Astoria Federal posts all different product types and their going rates online and they have pretty decent rates…
http://www.astoriafederal.com/cgi-bin/nymort.pl